Policy School professor and economist Alan Clayton-Matthews says it’s unrealistic to expect people trained for one occupation to train for an entirely different one because demand changes.
By Priyanka Dayal McCluskey | Worcester Telegram & Gazette | February 24, 2013
For more than two years starting in early 2010, the Massachusetts unemployment rate fell steadily, indicating that the economy was improving after a severe recession.
But recently, the trend has reversed. After falling to 6 percent in May and June of 2012, the unemployment rate ended the year at 6.7 percent.
In the Worcester metropolitan area, unemployment fell to 6.4 percent in April and May but rose to 7.2 percent by year’s end.
The reversal may be unwelcome, but it’s not entirely surprising, given the slowdown in economic growth during the second half of 2012, according to Northeastern University economist Alan Clayton-Matthews. The Massachusetts economy grew just 1 percent in the last quarter of 2012, Mr. Clayton-Matthews reported in the journal MassBenchmarks. Read More